Red Bull to use Tag Heuer-branded Renault units

Red Bull has ended the saga surrounding its future engine supply by confirming that it will use Renault power units branded as 'Tag Heuer', after striking a deal with the Swiss watchmakers.

Red Bull's relationship with Renault deteriorated across 2015 but approaches to Mercedes, Ferrari and Honda proved unsuccessful and the outfit's RB12 will feature a Renault power unit.

The new car will officially be known as the Red Bull Racing-TAG Heuer RB12.

"TAG Heuer and Red Bull are two transcendent brands which have both a passion for racing and a drive to do things differently, and this unique collaboration is further evidence of that," said Red Bull team boss Christian Horner.

"TAG Heuer has been an icon in the world of Formula One for many years and we’re delighted that they’ve chosen to continue their association with the sport by teaming up with us.

"Our shared values of innovation and a desire to stand out from the crowd make this one of the most exciting partnerships in F1.

"We are also pleased to see Renault confirm its long-term commitment to F1 and would like to thank them for their contribution to the team since 2007.

"Their technical partnership with Ilmor gives us confidence, and we look forward to the 2016 season."